Cigna Corp (CI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,305,000 | 8,275,000 | 6,732,000 | 10,837,000 | 6,554,000 |
| Revenue | US$ in thousands | 195,265,000 | 180,518,000 | 174,078,000 | 160,401,000 | 153,566,000 |
| Pretax margin | 2.72% | 4.58% | 3.87% | 6.76% | 4.27% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $5,305,000K ÷ $195,265,000K
= 2.72%
The pretax margin of Cigna Group (The) has fluctuated over the past five years. In 2023, the pretax margin decreased to 2.82% from 4.63% in 2022. This decline indicates a decrease in profitability before accounting for taxes in the most recent year. Comparing to 2021, when the pretax margin was 3.90%, the 2023 margin shows a further reduction. However, it is important to note that the pretax margin was higher in 2020 at 6.78% and in 2019 at 4.28%, suggesting a significant decrease in profitability over the past three years. This downward trend in pretax margin may indicate challenges in managing costs or generating revenue efficiently, warranting further analysis to identify underlying factors impacting the company's financial performance.
Peer comparison
Dec 31, 2023